I get a holiday on my yacht. You get 0% economic growth.

Robert Abela came back from his yachting holiday in Ibiza to tell us that he doesn’t understand the difference between “nominal” and “real” in economic terms.

Robert Abela is bragging online that Malta had a 9% GDP growth rate during its last quarter, but adjusted to inflation which hovered around the same mark, the real GDP growth would actually be 0.

Note, also the significant increase in public sector wages and expenditure during Robert Abela’s tenure, and practically the reason why we have low unemployment.

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